Russel Andrev Acquires Industrial Property At 1195 Northwest 71st Street For $5.3M
1195 Northwest 71st Street
$5,300,000
$220/SF
Building Size
24,084 SF
Asset Type
Industrial
Closing
Oct 31, 2024
AI
The property asset involved in this transaction is an industrial property located at 1195 Northwest 71st Street in the Miami market. The sale price was $5,300,000, and the property encompasses a total square footage of 24,084, resulting in a price per square foot of $220.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $5,300,000
- Address: 1195 Northwest 71st Street
- Market: Miami
- Square Footage: 24,084
- Price Per Square Foot: $220
- Buyer: Russel Andrev
- Seller: Juan Carlos Gonzalez
- Brokers: Alfredo Riascos & Mateo Romero - Gridline Properties
The individuals involved in this transaction include Russel Andrev as the buyer and Juan Carlos Gonzalez as the seller. The deal was brokered by Alfredo Riascos and Mateo Romero, representing the brokerage firm Gridline Properties.
Players
Miami Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.99%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93